"The combination of high yields, a downward sloping forward path for policy rates and the prospect of more currency stability should see foreign interest in the gilt market remaining strong," DBS writes.

That's a contrast to Asia, where the prospects of stronger global economic growth and rising U.S. Treasury yields are putting bearish steepening pressure on the short-ends of Asian yield curves, it adds.

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India's main public health programmes, aimed at millions of rural poor, have been in disarray for months because the government changed the way that over $1.3 billion in funds were distributed, according to data and letters seen by Reuters. Full Article | Graphic: India's health funding